Texas Capital Bancshares (TCBI) Expected to Announce Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Texas Capital Bancshares to post earnings of $1.07 per share and revenue of $284,027.35 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Texas Capital Bancshares Stock Up 2.3 %

Shares of NASDAQ:TCBI opened at $80.74 on Tuesday. Texas Capital Bancshares has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $82.50 and its 200-day simple moving average is $74.01. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 448.56, a PEG ratio of 0.66 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Truist Financial boosted their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Barclays lifted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $74.75.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.